Votorantim’s Q2 earnings for long steel business up 52%

The steel business of Brazil-based commodities group Votorantim posted higher earnings in the second quarter of 2019 on a year-on-year basis amid higher prices in Argentina and more volumes sold Colombia.

Votorantim reported 120 million Reais ($29.77 million) in adjusted earnings before interest, taxes, depreciation and amortization (Ebitda) for its steel division in the second quarter, up by 52% from 79 million Reais a year earlier.

The increase is mainly due to “higher prices...


Felipe Peroni

August 16, 2019

06:40 GMT

São Paulo